Episode - 001: What does the Los Angeles County real estate market look like? | December 2020

Los Angeles Real Estate is finally cooling off!

After 4 consecutive months of record transaction volume, it dropped 3 billion dollars but is still up 21.9% compared to November 2019.

Median Sales price also dropped $15,000 since last month but is still up 13.3%.

Inventory is slowly stabilizing and is now down 10.4% after being down over 20% a few months earlier.

Months supply increased from 2.8 to 2.9 months.

Typically the real estate market slows down in the winter so this is a seasonal trend. However, it may be an opportune time for buyers to land a home with less competition.

*percentages are comparisons year-over-year 

For more details and charts, click: https://theluevanosgroup.com/market-trends